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that they had in years when they reached the limits the market would take. i think the real lesson for us here is to fundamentals. >> just to wrap this up a little bit, i wanted to do to play god for a moment. >> playing? >> well, perhaps you're already at that state. we've outlined today's challenges short-term, long-term and so forth. if the president were to call you into the oval office and say, okay, all things considered, what should i do? what would you have him do? >> i'd like paul to answer that one first. >> obviously going to make a deal in the short run, because what to do about this untenable situation of the sequester and the tax increases for everybody. so that got to work on a short-term deal, and then hard work on a pretty fundamental look at the tax system, and more or less at the same time you've got to look at certainly social security. certainly you've got to look at medicare, and what can you do that is convincing in terms of the other expenditures over a period of time. i think that's a very tough thing, but these are a consensus on the broad level of spending that we're
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